UFP Technologies, Inc. (NASDAQ:UFPT) Shares Sold by Rhumbline Advisers

Rhumbline Advisers trimmed its holdings in shares of UFP Technologies, Inc. (NASDAQ:UFPT) by 1.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 19,504 shares of the industrial products company’s stock after selling 256 shares during the quarter. Rhumbline Advisers’ holdings in UFP Technologies were worth $4,769,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of UFPT. Legato Capital Management LLC lifted its stake in UFP Technologies by 2.2% in the 4th quarter. Legato Capital Management LLC now owns 36,229 shares of the industrial products company’s stock worth $8,858,000 after acquiring an additional 791 shares in the last quarter. Peterson Wealth Services grew its holdings in shares of UFP Technologies by 4.1% during the 4th quarter. Peterson Wealth Services now owns 4,099 shares of the industrial products company’s stock worth $1,002,000 after purchasing an additional 163 shares in the last quarter. Guidance Capital Inc. bought a new stake in shares of UFP Technologies in the 4th quarter valued at approximately $453,000. Boston Trust Walden Corp acquired a new stake in shares of UFP Technologies during the 4th quarter worth about $26,395,000. Finally, Swedbank AB raised its holdings in shares of UFP Technologies by 33.3% in the fourth quarter. Swedbank AB now owns 80,000 shares of the industrial products company’s stock valued at $19,561,000 after buying an additional 20,000 shares during the last quarter. 87.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of UFP Technologies from a “hold” rating to a “sell” rating in a report on Thursday, January 23rd.

UFP Technologies Stock Down 1.7 %

UFP Technologies stock opened at $232.01 on Friday. The stock has a market capitalization of $1.78 billion, a PE ratio of 33.10 and a beta of 1.04. UFP Technologies, Inc. has a twelve month low of $188.50 and a twelve month high of $366.41. The company has a 50 day moving average of $257.87 and a 200-day moving average of $291.01. The company has a quick ratio of 1.43, a current ratio of 2.57 and a debt-to-equity ratio of 0.64.

UFP Technologies (NASDAQ:UFPT) last released its quarterly earnings data on Tuesday, February 25th. The industrial products company reported $2.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.45. UFP Technologies had a return on equity of 18.92% and a net margin of 11.74%. The firm had revenue of $144.07 million for the quarter, compared to analyst estimates of $141.67 million.

About UFP Technologies

UFP Technologies, Inc designs and manufactures solutions for medical devices, sterile packaging, and other highly engineered custom products. The company offers protective drapes for robotic surgery, single patient use surfaces, advanced wound care, infection prevention, disposables for surgical and endoscopic procedures, packaging for medical devices, orthopedic implants, biopharma drug manufacturing, and coils for catheters; and molded components for applications in acoustic insulation, interior trim, load floors, sunshades, SUV cargo cover handles, driveshaft damping, engine and manifold covers, quarter panels, and wheel liners.